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Requirements for CME membership
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Requirements for CME membership

  #21 (permalink)
Antwerp
 
 
Posts: 414 since Jun 2016
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Just wondering since i have seen so many interest in becoming a CME member recently, what size of volume does one need to do to really benefit from such a membership?

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  #22 (permalink)
New York, NY
 
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Platform: Vanguard 401k
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RDK91 View Post
Just wondering since i have seen so many interest in becoming a CME member recently, what size of volume does one need to do to really benefit from such a membership?

This is mostly a function of 2 things:

1. You can do the breakeven analysis yourself by looking at the fee schedule, say for E-mini equity indices you are going from $1.18 to $0.35, so $0.83 of savings per contract. You can divide the monthly lease by that amount to get a sense of monthly breakeven volume.

2. You also need to take into account the variance of your volume (and if you're buying, the variance of market prices for the seats).

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  #23 (permalink)
Legendary Market Wizard
Houston, TX
 
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RDK91 View Post
Just wondering since i have seen so many interest in becoming a CME member recently, what size of volume does one need to do to really benefit from such a membership?

One thing to consider, being a member (via seat lease or purchase) will make you a professional in CME's eye's so while your clearing rates go down, your data fees go up! Another advantage though is that you become eligible for data netting, meaning you pay the data fee once and not once per account/device etc.

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